Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a mixed-use property located at 2006 Sullivant Avenue, Columbus, Ohio, 43223. The property encompasses a total of 9,866 square feet and is priced at $1,500,000, translating to $152.04 per square foot. The property consists of five commercial storefronts, with two currently vacant, offering immediate potential for increased revenue. In addition to the commercial space, the property includes sixteen residential apartments, each with one bedroom. Three of these apartments are currently vacant. The property's address encompasses multiple parcels, including 2006, 2012, 2016, and 2020 Sullivant Avenue, with corresponding parcel numbers 010-002951, 010-002955, 010-009289, and 010-009330 respectively. This presents a unique opportunity to acquire a substantial mixed-use property in a growing Columbus neighborhood, offering a blend of commercial and residential income streams. The property's size and diverse tenant base provide a strong foundation for long-term investment growth. The vacant units present a chance to increase occupancy and rental income. This property is classified as Special Purpose. Serious inquiries only.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1949
Construction
WOOD
Total area
7,030 SF
Lot
0.12 ac (5,140 SF)
APN
010-002951
UPID
US66-1730391
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Electronics & Wireless Store Discount Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
since 2022
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$1.6M
+193.9%
Apartment house (5+ units)
$1.0M
+86.8%
Office building
$1.0M
+84.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.48M
Value range
$1.33M – $1.62M
±10% around blend
Estimated value / SF
$210 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$1.33M
blend $1.48M
$1.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,030 SF
Lot area
0.12 ac
Year built
1949
Stories
2
APN
010-002951
Assessed value
$52,610
Annual tax
$3,843
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.24M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.35M
@ 6.5% CAP return
$1.24M
@ 7% CAP return
$1.15M
4
Sales comparison
Partial preview
Sales approach indication
$763k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.7 mi away · 6,430 SF
9.9 mi away · 7,500 SF
13.9 mi away · 7,868 SF
23.4 mi away · 6,820 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.48M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$78
+170%
Submarket 351 sales
$97
+116%
County 445 sales
$100
+109%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $210/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+194%
vs current-use indication
Apartment House (5+ Units)
Office Building
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.50%
Implied, in-place cap rate for this retail residential properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.50%
9.0%
NOI (est.)
$98k *
Last sale · Sep 2022
$1.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.78M
Move the market yield to see immediate price impact.
Value / SF
$253
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%5.50%6.00%
$88k
$1.76M
$1.60M
$1.47M
$98k
$1.96M
$1.78M
$1.63M
$108k
$2.16M
$1.96M
$1.80M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$750k
1.5 mi · Dec 2025 · $135/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,843
Tax year 2023
Assessed value
$52,610
Assessed 2023
Previous assessed
$46,840
+12.3% YoY
Effective rate
7.30%
On assessed value
Assessed land
$7,880
Assessed improvement
$44,730
Land market value
$22,500
Improvement market value
$127,800
Total market value
$150,300
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
2
Total area
7,030 SF
Lot
0.12 ac (5,140 SF)
APN
010-002951
UPID
US66-1730391
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2006 Sullivant Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Get access to Data & Analytics
Choose membership plan that suits your needs
Unlock Full Report
$9
one-time
Single Property Report
Full report includes
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
MOST POPULAR
Professional Plan
$99
/mo
30 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Enterprise Plan
$299
/mo
300 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Unlock Light Report
Free
Confirm your email
and get 1 Light Report
and get 1 Light Report
Light report includes
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
Confirm your e-mail to get the report
